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-CAD and NOK sit at the bottom of the G10.....>

FOREX
FOREX: -CAD and NOK sit at the bottom of the G10 FX pile today as oil slipped
sharply (WTI crude oil fell as much as 2.8%) as DoE crude oil inventory numbers
showed a far larger build of crude stockpiles than expected. USD/CAD managed to
show above C$1.30 and continues to hover around the 50-dma C$1.3015. NOK
suffered similarly, re-approaching the Nok9.50 level but the EUR/NOK rally
petered out ahead of the Monday high.
-NZD had another stronger session, but momentum faltered in US trading hours
despite a break above the $0.6591 50-dma. NZD/USD bulls need a break above this
level to the extend the rally which has already pulled back 2.3% from the year's
lows.
-UK CPI dogged GBP, falling below consensus, but markets remain fixated on talks
held between UK PM May and ministers in Brussels.
-Australian employment report, UK retail sales for September and weekly US
jobless numbers are the Thursday data highlights and speeches from BoJ's Kuroda,
ECB's Nowotny and Fed's Bullard and Quarles are also due.

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